Credit: The Associated Press

House Speaker John Boehner of Ohio, right, and House Majority Leader Eric Cantor of Va., left, face reporters during a news conference on Capitol Hill in Washington, Tuesday, Oct. 8, 2013, following a closed-door Republican strategy meeting as the partial government shutdown enters its second week with no end in sight.

WASHINGTON — Hard-line House Republicans are dismissing dire warnings that a government default would wreck U.S. and world economies as another case of hyperbole from an Obama administration that cried wolf about the likely impacts of automatic spending cuts and partially shutting down the government.